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US$ deposit interest rate decreases foreseeable
2008-06-09 12:34:00 US$ interest rates keep rising and businesses are rushing to borrow money in dollars. However, experts have warned that the situation will be quite different in the coming time. The US$ deposit interest rate has hit the 8% per annum threshold, an increase of 3% per annum over last month, and is 6% higher than the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Interest , Rate , Interest Rate
Viet Nam earns its stripes as an Asian tiger
2008-06-09 09:27:00 The first thing you notice when you arrive in Viet Nam is the thousands of scooters on the roads, buzzing around the odd car. As you enter the centre of what many people still call Saigon, there is another surprise. Surrounded by people cleaning the streets with straw brooms gleams a shiny store - Louis Vuitton. It... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Asian , Tiger , Stripes
Vinaconex 25 will list shares on HaSTC
2008-06-09 09:12:00 Hanoi Securities Trading Centre (HaSTC) recently announced that it received the registration document from Vinaconex 25 Joint Stock Co to list shares on the northern bourse. The company with a chartered capital of 40 billion dong, of which 100% owned by the company's shareholders located at 159B Tran Quy Cap, Tan... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: List , Shares
IMF suggests steps to fix Viet Nam's 'overheating' economy
2008-06-09 09:09:00 The IMF said Friday Viet Nam should tighten monetary and fiscal policy to fix its "overheating" economy, which has been battered by double-digit inflation and a widening trade deficit. The communist government should raise interest rates, cut the budget deficit, improve oversight of the banking sector and push market... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Steps
June 09, Stock market lies in trough
2008-06-09 09:07:00 The first trading session of new week on June 9, the Vietnamese stock market closed with another decline. Ending the 1799th session, the VN-Index of Ho Chi Minh City Stock Exchange (HOSE) stood at 379.12 points after falling 5.12 pts or 1.33% with the total matching order trades of nearly one million shares worth 27... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stock Market , Market , Lies
Ignore economic scaremongering, experts say
2008-06-09 08:58:00 Investors shouldn’t be panicked by foreign firms’ pessimistic opinions about Viet Nam’s economy as most of them were imprecise and uninformed, local experts told a seminar in Ho Chi Minh City last week. Speculators nationwide have rushed to buy US dollars on the black market over the past few days after some overseas... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Experts , Economic
Banks Use Fees to Set 24% Interest Rates
2008-06-09 08:52:00 Vietnamese banks are using fees to charge borrowers interest rates as high as 24%, exceeding a maximum rate of 18% targeted by authorities, the Viet Nam Investment Review reported, citing the central bank. The State Bank of Viet Nam's policy is that commercial banks' lending rates shouldn't exceed 150% of the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Banks , Interest Rates , Fees , Interest , Rates
Mekong Housing Bank to Sell $123 Million in Certificates of Deposit
2008-06-09 08:38:00 Mekong Housing Bank , a Vietnamese state-owned lender, said it plans to raise 2 trillion dong ($123 million) selling certificates of deposit to ensure it has sufficient working capital. The Ho Chi Minh City-based bank will sell dong-denominated certificates of deposit which yield as much as 15.8%, and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Sell , Million , Certificates
Tan Tao Declines to 17-Month Low as Board Member Sells Shares
2008-06-09 08:33:00 Tan Tao Investment Industry Corp. (ITACO), an operator of industrial zones in Viet Nam, fell to its lowest in 17 months after a board member sold shares. The stock fell 1,000 dong, or 1.5%, to 67,000 as of 10:35 a.m. local time, the lowest since Jan. 11, 2007. The company has lost 39 percent this year. Viet Nam's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Board , Shares , Month
Glum stocks push investors to bond trading
2008-06-09 08:24:00 Bond trading was speeding ahead of the stock market last week, as the glum market showed no sign of getting any better. FPT Securities estimated that the VN-Index lost an average of 1.5 per cent at each trading session last week. It closed at 384.18, a loss of 63.25% compared to the same period last year. Trading ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Bond , Investors , Push
Mai Linh Group teams up with BIDV
2008-06-08 19:35:00 The Mai Linh Group (MLG) and the Bank for Investment and Development of Viet Nam (BIDV) inked a Cooperative Memorandum of Understanding on June 7th. BIDV?s CEO Tran Bac Ha said that the bank will use Mai Linh?s services, which range from transport to tourism, construction, commerce and communications. In return for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Teams
EVN Telecom pursues strategic partnership
2008-06-08 13:34:00 EVN Telecom has asked Electricity of Viet Nam (EVN) to delay its initial public offering (IPO) so that it may explore foreign strategic partnerships. So far, five or six large foreign telecom groups have expressed interest in buying EVN Telecom?s shares, said EVN. EVN Telecom plans to equitise this year, despite the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Strategic , Initial Public Offering
HBBS to provide SMS-Link service
2008-06-08 13:32:00 Habubank Securities Company (HBBS) has announced that it plans to offer SMS-Link service for its customers. The SMS-Link service provides free information on securities transactions. The service also sends warnings and forecasts on fluctuations in securities markets. (VNS) [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Service , Bank , Habu
Vincom Securities opens 2 brokerage agencies
2008-06-08 13:31:00 The Vincom Securities Joint Stock Company (VincomSC) will open two more brokerage agencies in District 1, HCM City and Bien Hoa City, Dong Nai Province on June 16. The agencies will offer VincomSC?s technology and services and receive customer orders. VincomSC was set up in 2007 with a charter capital of VND300... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Brokerage , Agencies
Maritime Bank sees $7.5 million in profits
2008-06-08 13:25:00 Despite the economic slump, Maritime Commercial Joint Stock Bank (Maritime Bank) on Thursday reported pre-tax profits in the first five months of this year at a total VND131.3 billion (US$7.5 million), an increase of 54.7% over the same period last year. The bank also reported total mobilised capital topping VND10... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Profits , Million , Sees
Bad habits persist amid equitisation
2008-06-08 13:11:00 Many joint stock companies are still performing poorly after equitisation due to their failure to incorporate corporate governance policies, a conference on restructuring enterprise after equitisation was told on Thursday. Addressing the seminar, deputy general director of the State Capital Investment Corporation... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Government , Habits , Bad Habits
Viet Nam Stocks May Extend World's Biggest 2008 Plunge
2008-06-08 07:32:00 Vietnamese stocks may extend this year's worst slump among global markets as the government raises interest rates to quell inflation, Merrill Lynch & Co. said. Higher borrowing costs will restrain earnings growth and prevent a ``huge bounce'' in Vietnam's equities, Mark Matthews, Asia Pacific head of equity strategy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Viet , 2008
Viky plastic maker and closed-end fund Ok?d to list
2008-06-07 19:27:00 The Viky Plastic Joint Stock Company and Viet Nam Blue-Chips Fund have obtained approval to list on the Ho Chi Minh City Stock Exchange (HOSE), according to a report on the exchange?s website. The closed-end fund will float 80,646,000 shares on June 12 while the plastic maker will float eight million shares on June... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: List , Maker , Closed
ANZ bank to buy up more SSI shares
2008-06-07 19:27:00 Australia and New Zealand Bank , known as ANZ Bank, registered to buy 3,416,700 shares in stock brokerage Saigon Securities Inc. (SSI) to raise its holdings to 13.89% from 11.39, the Ho Chi Minh Stock Exchange reported on its website. The exchange also announced that last April the bank had bought 1.9 million shares... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Shares
Firms consider the wisdom of holding IPOs
2008-06-07 17:31:00 Many State-owned enterprises are debating whether or not to hold initial public offerings (IPO) with the market already saturated and investors discouraged with trading. ?Investors are no longer eager for public auctions, due to cash shortages and the sluggish exchange,? Nguyen Tien Dung, an independent analyst,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Wisdom , Holding , Initial Public Offering , Firms
Price of US dollar plummets while gold prices increase sharply
2008-06-07 17:27:00 The domestic price of gold reached VND18.6 million per tael, even as high as VND18.88 million in some places on June 7, after the world?s gold prices spiked last night. Gold at the Hanoi Gold, Silver and Gem Stone Company is currently sold for VND18.4-18.6 million per tael, up VND20,000/tael compared with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Dollar , Price , Prices
Viet Nam not devalue dong, says PM
2008-06-07 14:17:00 Viet Nam has no plans to devalue the dong within the current context of current account and the current general economic situation, affirmed Prime Minister Nguyen Tan Dung. The Prime Minister made the statement at a meeting with JP Morgan chief economist David Fernandez on June 5 to discuss issues of great concerns... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Viet , Dong
Techcombank raises interest rates for deposits in both dong and US dollar
2008-06-07 14:14:00 Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) has just announced new higher interest rates for deposits in Vietnamese dong with the highest rate hitting 15.8% a year. Accordingly, with one and three month terms, depositors will enjoy an interest rate of 15.35% per year and 15.45% a year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Interest Rates , Dollar , Interest , Rates , Dong
Port operator executive raises stake
2008-06-07 13:10:00 Doan Xa Port Joint Stock Company (coded DXP) said on the HCM City Stock Exchange?s website that its deputy chairman Vu Tuan Duong raised his stake in the company to 0.366 percent from 0.314% through buying 2,700 out of 5,000 shares he registered to buy. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Executive , Operator
Binh Minh plastic buys 29 pct stake in Da Nang Plastic
2008-06-07 13:08:00 Binh Minh Plastic s Joint Stock Company (coded BMP) bought a 29% stake in Da Nang Plastic Joint Stock Company (coded DPM), 650,000 shares, according to a report on the Ho Chi Minh City Stock Exchange?s website. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Deutsche Bank AG London cuts stake in Sudico
2008-06-07 12:59:00 Song Da Urban & Industrial Zone Investment and Development Joint Stock Company, known as Sudico, said Deutsche Bank AG London cut its holdings in the firm from 5% to 4.98% by selling 6,600 shares. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Cuts
EVN Telecom proposes selecting of strategic partners before IPO
2008-06-07 03:54:00 A source from Electricity of Viet Nam Group (EVN) said that despite of the stock market slump, its arm EVN Telecom still decided to make IPO within this year. Currently, EVN Telecom is implementing corporate value appraisal and choose the equitisation method. The enterprise also asked EVN's permission to auction... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Partners , Strategic , Initial Public Offering
Petrolimex waterway transport firm to expand business
2008-06-07 03:47:00 Petrolimex Joint Stock Tanker Co (coded PJT) recently passed the plan to expand business to operate in fields of real estate construction and brokerage. This year, the company targets to reach 966.5 billion dong in revenue, 14.5 billion dong in after-tax profit and a dividend of 12%. The company's recent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Business , Transport
Contrary currencies in gold market
2008-06-07 03:42:00 The domestic and global gold markets have showed contrary currencies. While the global gold price declines thanks to some positive information on US economy reported by Federal Reserve Department (FED), that of Viet Nam is in the upward trend. On the Saigon gold trading floor, the gold price on June 4 closed at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Market , Gold , Currencies , Contrary
Hoa Binh construction firm signs MoU with CEC
More articles from this author:2008-06-07 03:36:00 Hoa Binh Real Estate and Construction Joint Stock Co (coded HBC) and Continental Engineering Corp (coded CEC) on June 2 singed a memorandum of understanding (MoU) to jointly seek opportunities of providing design and construction services for infrastructure projects in HCM City and neighbouring areas. Under it, CEC... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Signs 1, 2, 3, 4, 5, 6, 7 |
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